Working Paper

Recognizing Gravity as the Strong Force in Atmosphere Emissions Markets

May 16, 2018 | Dallas Burtraw, Amelia Keyes | 21 pp.
This paper surveys emissions markets and factors influencing emissions allowance prices. It examines the consequences of the strong tendency for low prices and discusses how market design can anticipate and remedy this tendency.
Climate Change
Blog Post

VALUABLES Consortium Convenes Experts to Explore How to Quantify the Societal Benefits of Earth Observations

May 14, 2018 | Bethany Mabee
Learn how the consortium is collaborating with NASA, Earth scientists, and economists to value Earth science information.
Environmental Economics Topics
Blog Post

“Job-Killing” Carbon Taxes?

May 10, 2018 | Marc Hafstead, Roberton C. Williams III, Yunguang Chen
Opponents of policies to price carbon will likely continue to attack such approaches on the notion that they kill jobs—but careful economic analysis suggests that these arguments are seriously exaggerated.
Climate Change
Blog Post

Federal Interventions in Wholesale Power Markets: Examining the Implications for Market Performance and National Security

May 9, 2018 | Susan F. Tierney, Karen L. Palmer
In the second of two posts, we examine recent efforts to gain federal support to maintain financially stressed coal and nuclear plants.
Energy and Electricity
Blog Post

Grid Resilience, Generation Portfolios, and National Security

May 8, 2018 | Susan F. Tierney, Karen L. Palmer
This post is the first in a series of two examining recent efforts to gain federal support to maintain financially stressed coal and nuclear plants.
Energy and Electricity
Report

Integrating Adaptive Management and Ecosystem Services Concepts to Improve Natural Resource Management: Challenges and Opportunities

May 7, 2018 | Rebecca Epanchin-Niell, James W. Boyd, Molly K. Macauley, Lynn Scarlett, Carl D. Shapiro, Byron K. Williams | 62 pp.
This report explores how ecosystem services can be moved from concept into practice through connection to a decision framework—adaptive management—that accounts for inherent uncertainties.
Ecosystems
Report

The 2016 Blowout Preventer Systems and Well Control Rule: Should It Stay or Should It Go?

May 3, 2018 | Alan J. Krupnick, Isabel Echarte | 24 pp.
As part of a series examining US oil and gas sector regulations, this report analyzes the cost and benefits of repealing or modifying a safety rule for offshore drilling activity under several scenarios.
Energy and Electricity
Blog Post

Using Economic Analysis to Address Invasive Species Threats

May 3, 2018 | Michael Zwirn
How can economics help advance understanding of the costs and effectiveness of various approaches to managing invasive pests?
Ecosystems
Working Paper

Changing Baselines, Shifting Margins: How Predicted Impacts of Pricing Carbon in the Electricity Sector Have Evolved Over Time

Mar 31, 2018 | Karen L. Palmer, Anthony Paul, Amelia Keyes | 23 pp.
Our analysis suggests that emissions reductions in the US electricity sector have become less expensive than previously thought, and emissions reduction goals can be achieved at lower cost.
Climate Change Energy and Electricity
Working Paper

What’s in a Name? A Systematic Search for Alternatives to “Value of Statistical Life”

Apr 26, 2018 | Chris Dockins, Kelly Maguire, Steve Newbold, Nathalie B. Simon, Alan J. Krupnick, Laura O. Taylor | 33 pp.
We describe evidence from focus groups and a formal ranking exercise to gauge the preferences for and acceptance of alternative terms for the “value of statistical life”—the concept of trading off money and small reductions in mortality risks.
Environmental Economics Topics